ARS Wealth Advisors Group LLC Sells 138 Shares of Visa Inc. (NYSE:V)

ARS Wealth Advisors Group LLC lowered its position in Visa Inc. (NYSE:V) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,113 shares of the credit-card processor’s stock after selling 138 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Visa were worth $741,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in V. Capital & Planning LLC grew its position in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock worth $300,000 after acquiring an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC purchased a new position in Visa in the fourth quarter worth $424,000. Brighton Jones LLC grew its position in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Visa during the fourth quarter valued at about $202,074,000. Finally, Revolve Wealth Partners LLC boosted its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on V shares. UBS Group upped their price target on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a “buy” rating for the company. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and upped their price target for the company from $359.00 to $425.00 in a research report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday, June 2nd. They set a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Price Performance

V stock opened at $370.44 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.00. The company has a market cap of $683.52 billion, a P/E ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.94. The firm has a 50-day moving average of $345.45 and a 200 day moving average of $335.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is 23.72%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $185,576.46. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,162 shares of company stock valued at $58,645,479. Corporate insiders own 0.13% of the company’s stock.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.